Molopo has acquired, processed and interpreted over one hundred miles of 2D seismic across its acreage position. Well locations have been selected for the first exploration wells and permitting and rig-selection commenced in July 2011.
A proprietary 3D seismic survey will be acquired to assist in the development of the 2012 exploration drilling programme. Additional land leasing efforts are ongoing.
MPO Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
